Market News
Samsung Shareholders Back $8 Billion Merger, in Blow to U.S. Hedge Fund
Wall Street Journal - 17 Jul 2015 07:24
The Samsung conglomerate's controlling Lee family scored a victory in its battle against U.S. hedge fund Elliott Associates, as shareholders approved an $8 billion merger of two Samsung affiliates.
China Shares Push Gains Into Second Day
Wall Street Journal - 17 Jul 2015 06:42
Chinese shares extended gains into a second day Friday and Hong Kong shares headed for their first positive week in four, while markets elsewhere steered near flat.
Nasdaq Composite Hits All-Time High As Google Inc (GOOGL) Surges Above $700 On Q2 Earnings
IBTimes - 17 Jul 2015 23:00
The Nasdaq composite index hit a record high Friday, boosted by strong earnings from Google Inc. The share price of the world's largest Internet company surged above $700 for the first time ever. Meanwhile, a decline in ...
Rising Rents Won't Inflate Fear at Fed
Wall Street Journal - 17 Jul 2015 21:36
Inflation would be even lower if it weren't for a tight rental market driving rents higher.
Fed Proposes Tweaks to Bank Stress Tests
Wall Street Journal - 17 Jul 2015 21:25
Big U.S. banks have another year before they have to clear a higher minimum capital requirement in the Fed's annual "stress test" examination, the central bank indicated.
Honeywell Needs More Than Less-Is-More
Wall Street Journal - 17 Jul 2015 21:24
Honeywell's earnings were pleasing to investors, but top-line growth is needed to sustain momentum.
Debt Relief For Greece? Germany Says It's Illegal. The Reality Is Not So Simple
IBTimes - 17 Jul 2015 21:13
It seems unlikely, but Greek Prime Minister Alexis Tsipras and Germany's hard-nosed finance minister Wolfgang Schäuble actually agree on something: Greece's debt is unsustainable without significant restructuring. Yet G...
New Questions Emerge In Robert Sillerman's Bid To Take SFX Entertainment Private
Forbes - 17 Jul 2015 20:07
The rocky ride of Robert Sillerman's Nasdaq-listed electronic dance music (EDM) company, SFX Entertainment, continues to take new unexpected and twists and turns, even as the colorful media mogul tries to take his compan...
Google Guys Worth Billions More Thanks To Stock's Earnings Surge
Forbes - 17 Jul 2015 19:55
Larry Page and Sergey Brin are each $4 billion richer thanks to Ruth Porat and a big quarter for Google.
Dr Pepper: Home Is Where The Heart, And Most Of The Growth, Is
Forbes - 17 Jul 2015 19:43
To quote the Wizard of Oz- there's no place like home. This has proven to be true for the beverage manufacturer Dr Pepper Snapple, which has done well in recent times, despite lacking the growth opportunities in emerging...
Yahoo Earnings Preview: Will Shift To Mobile Boost Revenues In Q2?
Forbes - 17 Jul 2015 19:41
The stock continues to underperform the market, post Alibaba's listing on the U.S. stock exchange in the last quarter of 2014. The stock has declined by over 22% in first half of 2015, while the return on NASDAQ composit...
Legal Costs Mar A Strong Operating Performance By Goldman In Q2
Forbes - 17 Jul 2015 19:39
Goldman Sachs did not let weak global debt trading activity over the second quarter affect its revenues for the period, as it leveraged the strength of its advisory, underwriting, and investment management operations to ...
Microsoft Q4 Earnings Preview: Cloud Revenues To Grow, OS Revenues To Remain Tepid In Q4
Forbes - 17 Jul 2015 19:37
The aim is to line up Microsoft's businesses with the changing landscape in technology, especially in enterprise software segment. Furthermore, it is focusing on high margin business, and reducing exposure to highly comm...
PartnerRe Insurance Merger Turns on a Different Axis
Wall Street Journal - 17 Jul 2015 19:22
PartnerRe and Axis Capital have sweetened the terms of their merger again to see off a rival takeover offer for PartnerRe from Italy's Exor. It is Axis investors who may now be feeling short-changed.
Ocado falls sharply amid Amazon Fresh concerns
Telegraph - 17 Jul 2015 18:38
US shareholders pile out of Ocado amid a bearish broker note and concerns over rumoured launch date of Amazon's grocery delivery service
Nasdaq Composite Extends Gains
Wall Street Journal - 17 Jul 2015 18:27
The Nasdaq Composite Index pushed further into record territory Friday, boosted by strong earnings from Google.
El Nino 2009 - in pictures
Telegraph - 17 Jul 2015 18:14
The devastating effects of the El Nino weather phenomenon wreaked havoc on agriculture last time it hit in 2009.
Beijing's Big Stock Push Still Well Short of Goal
Wall Street Journal - 17 Jul 2015 18:12
Taking extraordinary measures, China's government managed to halt a stock-market plunge and engineer a modest rebound--but the benchmark index stands 500 points below Beijing's target.
Earnings for SAP Expected to Fall
Forbes - 17 Jul 2015 18:00
Analysts are looking for decreased profit for SAP when the company reports its results for the second quarter on Tuesday, July 21, 2015. SAP reported profit of $1.01 a year ago, but the consensus estimate calls for earni...
Earnings for Hatteras Financial Corp. Expected to Fall
Forbes - 17 Jul 2015 18:00
Hatteras Financial Corp. is expected to report lower second-quarter earnings on Tuesday, July 21, 2015. Analysts are expecting a 16% drop in earnings from a year ago. The consensus estimate is 53 cents per share, down fr...
Baker Hughes EPS Expectations Down Over Past Month
Forbes - 17 Jul 2015 18:00
Expectations have dropped for Baker Hughes' second quarter results in the month leading up to the company's earnings announcement slated for Tuesday, July 21, 2015. The consensus analyst estimate has dropped from a loss ...
Profit Expected to Dip for Novartis
Forbes - 17 Jul 2015 18:00
Despite an expected dip in profit, analysts are generally optimistic about Novartis as it prepares to reports its second-quarter earnings on Tuesday, July 21, 2015. The consensus earnings per share estimate is $1.20 per ...